late fees will be charged for overdue credit cards, which are generally a certain percentage of the amount owed. Assuming that the proportion of overdue fine is .1% per day, the overdue fine of 14, yuan is 14*1*.1%=14 yuan/day.
at the same time, overdue credit cards will generate penalty fees. Penalty interest is generally calculated according to the daily interest rate, which is determined according to the specific policies of credit cards. Assuming that the penalty interest rate is 18% annualized, the daily penalty fee is 14, *18%/365=76.71 yuan.
to sum up, the interest overdue for 14, three months includes the late payment fee and the penalty fee. Based on the daily late payment fee of .1% and the annualized penalty interest rate of 18%, the interest during the overdue period is about 14 yuan/day (late payment fee) +76.71 yuan/day (penalty fee).
Extended data: The above calculation is only an example. The actual credit card policy and interest rate may vary depending on the bank and specific credit card products. It is suggested that those who are overdue should contact the bank in time to find out the specific calculation method of interest and expenses.
in addition, overdue repayment will have a negative impact on personal credit records, which may lead to a decline in credit rating and affect future loan and credit card applications. Therefore, it is recommended that you abide by the credit card repayment regulations and repay on time to avoid extra expenses and bad credit records.